Discussion Question

Union & Management
Are we losing the economic war with the entire world? Does globalization make it impossible to compete with nations that can produce cheaper and faster? Do you see a way to “win” the economic wars with nations such as China and India?

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The answer to this question depends on what we mean by ‘economic war’. If we think of the economic war as being only the battle over the manufacture of near-commodity items as cheaply and as quickly as possible, then sure, perhaps we are losing the war to countries such as China. But far more certain...
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